Contractorbhai Team : What are Common Complaints of home owners who have opted for Home Improvement Loan ?
Loan Expert : Home Owners usually have complains relating EMI’s & miscommunication for the same. Sometime what happens is, when a home owners has pitched the EMI said was 8,500/- say. But actually the bank is charging 8,700/- .
To overcome this complains or issues, many banks provide home owner with online account access. Here one can view the entire history like for how much loan did he apply, how much loan is sanctioned, how many EMI’s are to be given, how is EMI charged, other deductions or additions (if any), etc. Another complain is delay in dispatch after approval of loan.